Focused Alpha LLC Purchases New Stake in Salesforce Inc. $CRM

Focused Alpha LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,288 shares of the CRM provider’s stock, valued at approximately $525,000.

Several other large investors have also modified their holdings of CRM. Fluent Financial LLC purchased a new position in Salesforce during the 2nd quarter worth approximately $2,265,000. TAM Capital Management Inc. purchased a new stake in shares of Salesforce in the first quarter valued at $40,945,000. Secured Retirement Advisors LLC purchased a new stake in shares of Salesforce in the first quarter valued at $1,004,000. Janus Henderson Group PLC boosted its position in shares of Salesforce by 2.5% in the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after buying an additional 3,125 shares during the period. Finally, Anchor Investment Management LLC boosted its position in shares of Salesforce by 184.5% in the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock worth $2,817,000 after buying an additional 11,663 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Stock Performance

Shares of CRM stock opened at $242.77 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The stock’s 50-day moving average is $232.38 and its two-hundred day moving average is $195.29. The firm has a market cap of $199.80 billion, a P/E ratio of 22.13, a PEG ratio of 1.09 and a beta of 1.26.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Analysts predict that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.7%. Salesforce’s payout ratio is 16.04%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. DA Davidson set a $225.00 price target on shares of Salesforce in a research report on Thursday, September 17th. Wells Fargo & Company lowered shares of Salesforce from a “buy” rating to a “strong sell” rating in a research report on Monday, October 12th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of Salesforce in a report on Thursday, September 17th. Finally, Guggenheim boosted their price objective on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.40.

Insider Buying and Selling

In other Salesforce news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the purchase, the director owned 18,748 shares in the company, valued at $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is owned by insiders.

Salesforce Company Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.